Table 10.1 -Refer to Table 10.1. Suppose That This Year the Wage

question 45

Multiple Choice

Table 10.1
-Refer to Table 10.1. Suppose that this year the wage rate is $30 and the price of the good is $1. If the firm is maximizing profit ________ workers will be hired. Next year the wage rate will increase to $40, but the price of the good will remain at $1. Then ________ workers will be hired.

• A) 6; 5
• B) 6; 6
• C) 7; 6
• D) 5; 5

---

Definitions:

Edit Data

The process of modifying or updating data or information in a document, application, or database.

Labels

Tagging elements with identifying information in a document or application, facilitating easier reference.

Form Layout View

Form Layout View is a feature in database and form-building applications that allows users to design and modify the layout and appearance of forms without affecting the underlying data.

Edit Text

The process of changing or modifying the text content in a document or text input field within software applications.